⚡ Flash Summary
First Dawood Properties Limited (FDPL) has announced the upcoming election of directors, as per Section 159(4) of The Companies Act, 2017. The Annual General Meeting (AGM) where the election will take place is scheduled for Friday, October 24, 2025, at 09:30 a.m. Seven individuals have filed notices of their intention to offer themselves for election. Since the number of candidates equals the number of director positions, all candidates are deemed elected.
📌 Key Takeaways
- 📅 Election of Directors announced for First Dawood Properties Limited.
- 📜 Notice is in accordance with Section 159(4) of The Companies Act, 2017.
- 🗓️ Annual General Meeting (AGM) to be held on October 24, 2025, at 09:30 a.m.
- 🤝 Seven candidates have filed notices for election.
- 🏢 Candidates will fill positions as Non-Executive, Executive, and Independent Directors.
- 👤 Mr. Christopher John Aitken Andrew: Non-Executive Director.
- 👤 Mr. Muhammad Rizwan-ul Haque: Executive Director.
- 👤 Mr. Abu Khursheed Muhammad Arif: Non-Executive Director.
- 👤 Mr. Khurshid Abul Khair: Non-Executive Director.
- 👤 Mr. Aamir Ahsan Khan: Non-Executive Director.
- 👤 Mr. Iqbal Ahmed: Independent Director.
- 👤 Mrs. Farhat Ali: Independent Director.
- ✅ All candidates deemed elected as the number of candidates equals the number of director positions.
- 🏢 Syed Musharaf Ali, Company Secretary, issued the notice.
🎯 Investment Thesis
HOLD. This announcement pertains to the election of directors and does not provide sufficient information to change an investment recommendation. A comprehensive analysis of the company’s financials, market position, and future prospects would be needed to formulate a more informed opinion. Price target and time horizon remain unchanged pending further information.
Disclaimer: AI-generated analysis. Not financial advice.